The People’s Bank of China kept the one-year loan prime rate unchanged at 3.70% while the five-year LPR, the reference rate for mortgages, was left at 4.45%.
Monthly Archives For June 2022
China keeps lending benchmarks unchanged, wary of policy divergence risks
China stood pat on its benchmark lending rates for corporate and household loans, as expected, on Monday, with global central banks’ rate increases making it tough for Beijing to stimulate a weak …
China Monetary Stimulus Clouded by Recovery Signs, Fed Hikes
They typically move in tandem with the MLF rate, a key policy rate set monthly by the People’s Bank of China. The central bank last week refrained from reducing that rate, avoiding further …
Why China is not rising as a financial superpower
Yet as an aspiring financial superpower, China is going nowhere. This has not happened before. The US rose as an economic force and then as a financial power, before the dollar became the world’s …
China Lists Hong Kong Housing Among Big Focuses for Next Leader John Lee
China handed down five big goals for incoming Chief Executive John Lee’s government to meet, as Beijing seeks to cement greater control over the Asian financial hub. Most Read from BloombergPutin Gets …
China has ‘doubled down’ on its support for Russia, says research organization
Robert Daly of the Kissinger Institute on China and the United States explains why China and Russia have been getting closer to each other since 2001. Like us on Facebook to see similar stories Please…
Column-Iron ore suffers short-term demand woes, longer-term China threat: Russell
The spot price of iron ore has had a torrid time lately, caught between short-term concerns about the economic health of top buyer China and a longer-term threat to the current market system as …
China’s gambling hub Macau shuts down amid COVID-19 outbreak but casinos remain open
The world’s biggest gambling hub Macau has begun a second day of mass COVID-19 testing after dozens of locally transmitted cases were discovered over the weekend. Most businesses have shut but casinos …
Beijing-Wuhan high-speed rail starts operation at 350 km/h
A high-speed rail linking Beijing with Wuhan the capital of central China Hubei Province starts normal operation at a speed of 35 …
China IPO fundraising doubles US total to top global ranks
Their presence ensured a steady flow of deals even in the depths of lockdown and helped bring total fundraising from new listings in China to almost $35bn this year, more than double the $16bn raised…
China reins in business activities of officials’ relatives China reins in business activities of officials’ relatives
Central Committee has issued a regulation on the business activities of relatives of officials. The regulation offers clear and specific provisions on the applicable objects and circumstances, working …
The week in review: China holds June LPR steady
One year LPR was kept at 3.7%, with the five year and above rate stable at 4.45%, according to an announcement from the People’s Bank of China (PBoC). The five year LPR was cut by…
China’s COVID-19 mass testing mantra is building a waste mountain
BEIJING: Hazmat-suited workers poke plastic swabs down millions of throats in China each day, leaving bins bursting with medical waste that has become the environmental and economic levy of a …
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